Final answer:
The claim that business processes are tied to a single functional area is false, as they often involve multiple areas to achieve business goals. Functional regions refer to physical or service areas defined by function, while businesses benefit from focusing on core competencies.
Step-by-step explanation:
The statement 'Business processes are tied to a single functional area' is false. Business processes often span multiple functional areas within an organization to achieve a set of defined objectives. For example, a product development process may involve research and development, marketing, and finance departments. In contrast, functional regions described by LibreTexts™ have boundaries related to a practical function within a specific area, such as the service area of a pizza shop or the reach of a newspaper distribution. The concept of focusing on core competencies suggests that businesses that specialize in a few areas or products tend to be more successful, which can be seen as a way for a business to define its own functional region of expertise or market.